State and Local Dems Are Leading Us Off a Cliff

History has shown us repeatedly that it’s a cardinal sin to raise taxes on middle and lower income people during a recession or depression. The reason is simple – you want people to have as much disposable income as possible so they’ll spend it and help bring the economy out of the doldrums. But raising taxes takes disposable income away, thereby worsening the economic crisis. This is not a liberal or conservative issue. It’s basic Econ 101. That’s why no one in the Obama administration or the Democratic-controlled Congress is talking seriously about raising taxes. In fact, they just approved a major tax cut for middle and lower income families. So why the hell, then, are so many Democrats in California and the East Bay bent on doing the opposite? Why do DC Dems and the Obama administration get it and they don’t? Taxing the middle and lower classes is just going to make things worse.

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